In a significant defamation settlement, ABC News has agreed to pay $15 million to U.S. President-elect Donald Trump after a false claim was made by anchor George Stephanopoulos during a March 2024 broadcast. This settlement comes after Stephanopoulos inaccurately stated multiple times that Trump had been “found liable for rape” during a discussion with South…
As France grapples with a looming political crisis and soaring borrowing costs, the spotlight turns to the European Central Bank (ECB) and its potential role in stabilizing the eurozone’s second-largest economy. With Prime Minister Michel Barnier’s government facing a critical budgetary test that could result in its collapse, questions arise about whether the ECB’s Transmission…
The announcement of a permanent ceasefire between Israel and Lebanon’s Hezbollah marks a significant diplomatic milestone in a region long plagued by conflict. Brokered by the United States and France, the agreement aims to end a year of escalating hostilities, including cross-border violence that followed Israel’s military campaign in Gaza after a Hamas-led attack. While…
The impending decision by the U.S. Court of Appeals for the District of Columbia on whether ByteDance, the Chinese parent company of TikTok, must divest its U.S. operations reflects a broader struggle over data security, national sovereignty, and digital rights. With TikTok’s U.S. future hanging in the balance, the outcome could redefine how governments regulate…
As President-elect Donald Trump gears up for a potential second term, his hawkish stance toward China is already raising alarms in the business world. Trump’s previous tenure saw heightened trade tensions between the U.S. and China, and many are concerned that his policies will once again lead to an aggressive trade war. The stakes are…
The U.S. stock market is surging as options traders embrace riskier bets, spurred by reduced election uncertainty and anticipation of a Republican-led government. This shift in investor sentiment has sparked a broad-based rally, with sectors ranging from electric vehicles to small-cap stocks and regional banks seeing significant gains. The S&P 500, for instance, has climbed…
As the COP29 summit convenes in Azerbaijan, a significant early announcement has brought a hopeful boost to ongoing negotiations. Major development banks, including the World Bank, pledged to increase their funding for developing nations struggling with the devastating impacts of climate change. Their joint commitment aims to raise financing for climate-related projects to $120 billion…
As concerns grow over potential U.S. tariffs on Chinese goods, India’s central bank appears ready to allow the rupee to weaken in tandem with the Chinese yuan to maintain trade competitiveness. This policy approach aims to cushion the Indian economy from potential shocks in global trade flows. The Reserve Bank of India (RBI), according to…
As former President Donald Trump re-enters the political scene, his bold economic vision on tariffs has become a cornerstone of his campaign. He has promised sweeping tariffs on imports, ranging from 20% on goods entering the U.S. to 60% on Chinese imports, and even floated the possibility of a 200% tariff on certain cars. This…
As the U.S. gears up for a high-stakes election, new reports indicate that misinformation has flourished on social media platform X, formerly known as Twitter. Billionaire Elon Musk, who took over the platform in 2022, has been cited in a report by the Center for Countering Digital Hate (CCDH) for sharing or amplifying election-related claims…
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